“I hereby relinquish any association with the directorship(s) forthwith"
Newly Appointed Punjab Minister Sanjeev Arora Resigns from Hampton Sky Realty Ltd.
Sanjeev Arora resignation from Hampton Sky Realty Ltd Latest news: Newly appointed Member of the Legislative Assembly and Cabinet Minister in Punjab, Sanjeev Arora, has resigned from the office of Managing Director of Hampton Sky Realty Ltd. and its wholly owned subsidiaries.
He submitted his resignation following his election as an MLA and subsequent appointment as a Cabinet Minister in the Punjab government.
In a letter addressed to the Board of Directors today, Sanjeev Arora wrote, “It is with a deep sense of gratitude and respect that I tender my resignation from the office of Managing Director of Hampton Sky Realty Ltd. (‘the Company’), with effect from August 03, 2025, pursuant to the provisions of Section 168 of the Companies Act, 2013 read with the applicable rules made thereunder.”
“Pursuant to my recent election as a Member of the Legislative Assembly w.e.f. June 23, 2025 representing the State of Punjab, I have also been vested with the distinguished responsibility of serving as a Cabinet Minister in the Government of Punjab as appointed by the Hon’ble Governor of Punjab w.e.f. July 3, 2025,” the letter further read.
He added that, in light of the “paramount public interest and constitutional responsibilities not only is it incumbent upon me, but it is even unequivocally untenable for me to continue holding the office of Managing Director in the Company.”
He also stated, “I hereby relinquish any association with the directorship(s) forthwith… Also, I hereby tender my resignation from the Directorship(s) from the three wholly owned subsidiaries of the Company as well with immediate effect.”
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